Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CIENA Corp shares valued at $548,203 were sold by SMITH GARY B on Jun 02 ’25. At $80.62 per share, SMITH GARY B sold 6,800 shares. The insider’s holdings dropped to 355,280 shares worth approximately $26.34 million following the completion of this transaction.
Also, SMITH GARY B sold 6,800 shares, netting a total of over 543,252 in proceeds. Following the sale of shares at $79.89 each, the insider now holds 362,080 shares.
Before that, Gage Brodie had sold 350 shares from its account. In a trade valued at $27,534, the SVP Global Products & Supply traded CIENA Corp shares for $78.67 each. Upon closing the transaction, the insider’s holdings decreased to 350 shares, worth approximately $3.43 million.
As published in a research note from Northland Capital on March 12, 2025, CIENA Corp [CIEN] has been rated up from a Market perform to an Outperform and the price target has been revised to $75. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in late January. As of December 13, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for CIEN. Earlier on October 28, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for CIEN stock which previously was a “an Overweight”.
Analyzing CIEN Stock Performance
During the last five days, there has been a surge of approximately 1.48%. Over the course of the year, CIENA Corp shares have dropped approximately -12.59%. Shares of the company reached a 52-week high of $101.44 on 01/24/25 and a 52-week low of $49.21 on 04/04/25.
Support And Resistance Levels for CIENA Corp (CIEN)
According to the 24-hour chart, there is a support level at 72.37, which, if violated, would cause prices to drop to 70.60. In the upper region, resistance lies at 75.05. The next price resistance is at 75.96. RSI (Relative Strength Index) is 45.65 on the 14-day chart, showing neutral technical sentiment.
